> For the complete documentation index, see [llms.txt](https://minara.ai/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://minara.ai/docs/minara-handbook/zh/jiao-yi/liquidity.md).

# 流动性

Minara 将永续合约交易路由到两个链上订单簿：Lighter 和 Hyperliquid。你创建的每个永续钱包都绑定到这两个交易所之一。在交易界面切换钱包，会切换你的下一笔订单在哪个交易场所执行。

## Minara 中的 Lighter 与 Hyperliquid 对比

<table><thead><tr><th></th><th width="249">Lighter</th><th>Hyperliquid</th></tr></thead><tbody><tr><td>架构</td><td>零知识 Layer 2</td><td>自结算 Layer 1（HyperBFT 共识）</td></tr><tr><td>结算</td><td>通过 zk 证明在链上结算</td><td>链上，单区块最终性</td></tr><tr><td>存款资产</td><td>通过 Arbitrum 的 USDC</td><td>通过 Arbitrum 的 USDC</td></tr><tr><td>Minara 中的资产类别</td><td>永续合约</td><td>永续合约</td></tr><tr><td>跨交易所转账</td><td>支持（USDC，USDH，视可用情况而定）</td><td>支持（USDC，USDH，视可用情况而定）</td></tr><tr><td>交易所内转账</td><td>Lighter 每次转账扣除 3 美元（从一个 Lighter 钱包转到另一个）</td><td>Hyperliquid 对新钱包扣除 1 美元（首次发起的转账）。同一钱包后续转账不收费。</td></tr><tr><td>提现费用</td><td>Lighter 每次转出转账（提现）扣除 3 美元</td><td>Hyperliquid 每次转出转账（提现）扣除 1 美元</td></tr><tr><td>钱包密钥模型</td><td>基于 StarkEx 的账户模型</td><td>原生 EVM 账户模型</td></tr></tbody></table>

订单类型、杠杆、资金费率和强平遵循各交易所各自的规则。参见 [订单类型](/docs/minara-handbook/zh/can-kao/order-types.md), [保证金与杠杆](/docs/minara-handbook/zh/can-kao/margin-and-leverage.md)，以及 [清算](/docs/minara-handbook/zh/can-kao/liquidations.md).

## 选择交易场所

大多数用户无需显式选择。默认情况下，你的账户在每个交易所各有一个钱包，交易界面允许你一键在它们之间切换。如果你的资金在一边，而你想在另一边使用，可在它们之间转账。参见 [存款](/docs/minara-handbook/zh/kai-shi-shi-yong/deposit.md#transfer-between-lighter-and-hyperliquid).

有关每个交易场所的详细信息，请参见 [Lighter](/docs/minara-handbook/zh/jiao-yi/liquidity/lighter.md) 和 [Hyperliquid](/docs/minara-handbook/zh/jiao-yi/liquidity/hyperliquid.md).

## 各交易场所在 Minara 中的显示位置

Copilot、Autopilot 和 Strategy Studio 都可与 Lighter 和 Hyperliquid 钱包配合使用。所使用的交易所取决于你在开始会话、运行回测或部署策略时选中了哪个钱包。


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